Effective Oct. 1, 2020, parent firm Capital Group has publicly named Cheryl Frank and Jessica Spaly as portfolio managers on American Funds AMCAP. Longtime manager Claudia Huntington will retire on the same day, as previously announced, but that's not the fund's only upcoming retirement. Capital Group also announced that 21-year firm veteran Eric Richter will step down on Nov. 30, leaving in place an eight-person management team after his departure.
American Funds AMCAP 529E CAFEX
NAV / 1-Day Return
38.30
/
1.78
%
Total Assets
80.6 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.940%
Expense Ratio
0.940%
Fee Level
Low
Longest Manager Tenure
14.85
years
Category
Large Growth
Investment Style
Large GrowthMin. Initial Investment
250
Status
Open
TTM Yield
0.01%
Turnover
27%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will CAFEX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CAFEX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the CAFEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of CAFEX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Two Newly Disclosed Managers and Two Retirements on American Funds AMCAP
